Head Trader of $100M Global Crypto Ponzi Scheme Pleads Guilty in US

Head Trader of $100M Global Crypto Investment Fraud Scheme Pleads Guilty in USThe head trader of a $100 million global cryptocurrency Ponzi scheme has pleaded guilty and is facing up to five years in prison, according to the U.S. Department of Justice (DOJ). “The defendants allegedly misappropriated large sums of investors’ money to lease a Lamborghini, shop at Tiffany & Co., make a payment on a second […]

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South African Court Submissions Expose Lies and Deceptive Tactics Used to Perpetuate MTI Bitcoin Ponzi Scheme

New submissions by a South African regulator, the Financial Sector Conduct Authority (FSCA) and liquidators have exposed the web of lies and deceptive tactics that were used by Mirror Trading International (MTI) CEO Johann Steynberg and others to perpetuate the Ponzi scheme. Undeclared Losses In its report filed with the South African court, the regulator […]

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South African Regulator’s Probe Into Mirror Trading International Unearths Previously Undeclared Losses and Missing Bitcoins

South African Regulator's Probe Into Mirror Trading International Unearths Previously Undeclared Losses and Missing BitcoinsSouth African financial regulator, the Financial Sector Conduct Authority (FSCA), has filed criminal charges with local law enforcement against Mirror Trading International (MTI), the alleged online bitcoin trading scam. The regulator says its decision to press charges follows an investigation into MTI that unearthed the company’s use of fake trade statements, undeclared losses, and possible […]

The post South African Regulator’s Probe Into Mirror Trading International Unearths Previously Undeclared Losses and Missing Bitcoins appeared first on Bitcoin News.

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Bitcoin Trading Bots Help Traders Maximize Their Profits

TheMerkle Bitcoin Trading SimulatorIn the cryptocurrency world, trading different assets back and forth will often help one make a lot of money. Doing so is not straightforward, although there are many tools that can help one achieve this goal. Finding the Right Trading Bot Under normal circumstances, one would trade cryptocurrencies manually. That means manually setting up buying and selling orders on a centralized trading platform. Virtually all of these companies provide this functionality through an API, which is designed to let developers build applications hooking into this API accordingly. Because the process of buying and selling crypto assets can be done through

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How to Use Crypto Trading Bots

The merkle Crypto Trading BotsOften referred to as the financial market that never closes and never sleeps, cryptocurrency can be a highly stressful trading space for traders and casual investors in the industry. And for investors who are conversant with cryptocurrency, you must have come across the increasingly popular trading bots. While you are asleep, the bot is up and working.  Just like machines have been used to aid translation, bots that have been programmed approximately can allow trades to be executed faster and more efficiently in comparison to a manual trade. The growing popularity of cryptocurrency translates to an increase in the number

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